Canada Trade Surplus Widens to $4.2B in May - RBC

Canada's merchandise trade surplus widened to $4.2 billion in May, up from a revised $3.4 billion in April, according to RBC economists Abbey Xu and Nathan Janzen. The expansion was driven by growth in exports, while imports also rose but at a slower pace.

The economists highlighted that the trade surplus increase comes alongside rising investment, reflecting broader economic strength. The data suggests improved external demand and continued domestic investment momentum.